Glen Burnie Bancorp (GLBZ) Proxy Filing summary

Executive summary

• The 2025 Annual Meeting will be held in person on May 8, 2025, to elect four directors, ratify the selection of auditors, and hold advisory votes on executive compensation and its frequency.

• Stockholders of record as of March 20, 2025, are entitled to vote, with 2,900,681 shares of common stock outstanding.

• Proxy materials, including the annual report, are available online, and voting can be done by mail, phone, or online.

Voting matters and shareholder proposals

• Proposals include electing four directors, ratifying the appointment of UHY LLP as auditors, a non-binding say-on-pay vote, and an advisory vote on the frequency of say-on-pay (recommended every three years).

• Stockholders may submit proposals for the 2026 meeting by December 7, 2025, for inclusion in the proxy statement.

Board of directors and corporate governance

• The board consists of 11 directors, divided into three classes, with four nominees up for election for three-year terms.

• All board committees, including Audit and Compensation, are composed of independent directors, and all directors attended at least 75% of meetings in 2024.

• The board values diversity in skills and backgrounds, though no formal diversity policy exists.